Digital collections are bubbles? Or opportunity?

Are digital collections a bubble? Or opportunity?

Recently, WeChat has rectified related public accounts, and Ali is also tightening related payment interfaces. Major manufacturers have taken action to further standardize digital products. Compared with virtual currency, digital collections themselves have the characteristics of non-homogeneity and do not have the ability to Interchangeability, or call it divisibility, is still possible as a regulatory direction behind our country.

For example, the whale scouting platform now requires that the gift can be transferred after 180 days of purchase or two years after receiving the gift, and does not support any form of paid transfer. Currently, it requires 180 days, which is half a year. I believe that Ali is more of a I hope to take a look at a domestic regulatory trend for digital products through this period of time, and avoiding hype is only one of the factors. At present, our country has not issued a very clear regulatory document on the supervision of digital collections, and it still revolves around virtual currency.

Digital collections are bubbles? Or opportunity?

Because digital collections and virtual currencies have many similar characteristics, for example, there may be some hype and trends based on blockchain technology, or there may be some illegal fundraising, especially when people are often asked about illegal fundraising. The problem, especially in recent days, digital collections have become more and more popular, and many new platforms have emerged, and we can also see that some big platforms, such as Wonder Lunch Box, are tightening their platform policies and are also preventing the use of digital collections. The speculative behavior of large platforms is doing this, no doubt wanting to do long-term and stable development.

Briefly talk about the current legal and regulatory environment for digital collections:

1. For the creators and rights holders of digital collections, the scope of rights is intellectual property rights, and the scope of authorization includes common, exclusive, and exclusive rights, and the rights are limited to the fact that the same work cannot be cast in other brands. be liable for infringement.

2. For the digital collection initiation platform, the qualifications are obtained as licenses, including the “Value-added Telecommunications Business Operation License”, “Web Publishing Copyright Service License”, “Information Network Communication Audio-visual Program License” and “Network Culture Operation License” , then the filing procedures include blockchain filing, artwork business filing, and are limited to not using words such as virtual assets, virtual currency, etc. in the registered name and business scope. Later operations include but are not limited to 1. Unfair competition 2. Copyright risk 3 .Storage risk 4.Advertising.

3. For the rights restrictions of the collectors and purchasers of digital collections in the “User Service Agreement”, the copyright is for non-commercial use and reasonable use within personal limits. The ownership includes possession, use, income, and disposal. money laundering. To sum up, whether it is digital collections, creators, rights holders, digital collection issuers, or digital collection collectors and buyers, some red lines of digital products must not be touched. Development, the relevant national regulatory authorities will also issue more clear and standardized laws and regulations, so that the field of digital collections can develop more healthily.

Digital collections are bubbles? Or opportunity?

From NFT to digital collections, domestic digital collection platforms smell the opportunity of the current market’s brutal growth, carry out NFT transactions in disguise in the name of digital collections, and obtain high profits from them. Especially in the gap when the regulatory rules for digital collections have not yet been perfected, some digital collection platforms operate extensively, resulting in financial risks spilling over.

Previously, the China Internet Finance Association, China Banking Association and China Securities Association’s initiative to prevent NFT-related financial risks mentioned that centralized transactions (centralized bidding, electronic matching, anonymous transactions, market makers, etc.) are not provided for NFT transactions. , continuous listing transactions, standardized contract transactions and other services, and illegally set up trading venues in disguised form.

Even if the NFT policy continues to be tightened, in order to make quick money, some digital platforms will still try their best to avoid supervision and induce consumers to fall into the trap of speculation. This business model of digital collections with centralization as the operating logic, on the surface, confirms the right on the chain, but in fact consumers do not own the ownership of digital collections, and consumers are the weaker party under the transaction leverage.

After a copy of Wanli is sold, the digital collection may be a chicken feather.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/digital-collections-are-bubbles-or-opportunity/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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